Euro Intraday Vectors

Just thought I'd throw this out there. We've already did a couple seminars on Market Vector relationships. Here's some homework to do! Check out the vector of both the Red lines compared to the Blue. Very interesting that it's so close to the Diatonic Fa note of .666 and 1.666. Could be that we've made two 3 wave sequences and are either forming a triangle or flat correction. Time will tell but at this point I'm out of my longs!

ES Futures update

The Es's are now up against the 61.8% Fib retracement of the move down and also a 127.2% Fib projection on it's move up. We also have 7 small waves in! This could offer some resistance so be aware! If we blast through it, it would add evidence that this was just a large correction. If we form an 8th and 9th wave then it could reverse also but it should form a higher low in the structure which could be a buying point!

Euro Update

The Euro, bounced off the 161.8% Fib projection in last nights action. We have now made 7 smaller waves up from that level. If it stops here we are heading back down once again. Look for the same 61.8% Fib to stop any upward action or the non overlap at the already posted high. It's a very low risk trade considering that if wrong you'll know right away! :)

Euro Fib Progression 3

This may not be seen done like this ever again on the blog so take note and study it carefully. I'm sure few will see it and it will get discarded but these are the keys to how the market works!

Euro Fib Progression 2

Here is the nuance that would cause us to look for more downside!

Euro Fib Progression! 1

Ok, here is the scoop! I'll show this one time and one time only! After which I'll only share with the subscribers or a very small inner circle of those that share in like kind. Here is the First Fibonacci expansion to the downside! This was portended too a couple days ago when we stated a small 9 waves where now complete on the Euro. You can't learn this in a book or a seminar!!!!

Euro Update

All previously posted Fibs are still active along with the most recent Blue Fib.

Euro Update

Last post stated that the Euro had made a 9 wave sequence and with high probability of topping for a corrective wave! Well we've dropped almost 100 pips in just a few short hours. The blue Fib is now the active Fib and will revisit it in about 10 hours! :) Keep in mind that the safest trade is to cover or tighten stops when there's three identifiable waves!

E-Mini Crude 5-Min Chart

E-Mini Crude .. beautiful move today..

--Tony

Euro Fibonacci Nuance

The Euro has appeared to make a small 9 waves up from last weeks low. Its last blue Fib projection is still active. A nuance is that when the first inflections projected wave fits the mold for a mature counts last wave it typically means that its the last wave up. Its high probability that we top today and retrace in a corrective fashion. God speed and good trading.

Euro Update

From yesterdays post we where looking for the 1.4220-1.4240 area for a possible reversal. Well we posted 1.42397 and we would recommend tightening stops on any longs! :)

AUD & SILVER Updates

Forecasts originally published yestarday on FXSTREET.COM -

http://www.fxstreet.com/technical/forex-strategy/thetas-pendulum-update-commodities-tech/2011/03/21/
http://www.fxstreet.com/technical/forex-strategy/thetas-pendulum-update/2011/03/21/

Attached are the updated charts from the forecasts..

--Tony

Euro now in the resistance zone!

The Eur/Usd is now in the resistance zone and stops on any longs should be incremented to gaurantee profits! It could poke higher but better to book the real profits than hope for higher prices. The market isn't going anywhere!!!!!!!

S&P Overlap

The S&P and Es's have overlapping structure! Two scenarios can unfold at this point. We are either still tracing out a larger corrective structure or the correction is over! A secondary higher low on the Es's and cash index could offer a nice buying opportunity for a swing trade. The broken channel is typical for a 4th wave correction. If we remain above the 1227.08 level the S&P will make a new high!

ES Futures Active Fibs

We are at an important level in the ES's. If we breach the 1292.50 level in the active session it would portend that this correction is over. If it fails it leaves the downside open. We are now at a 1:1 Fib ratio as seen on the blue Fib.

Euro's active Fibs

The previously posted fibs are still active along with range to be aware of. Small overnight counter trend move made a perfect 1:1 corrective structure so the upward targets may be reached early in the NY session.

Euro's active Fibonacci projections

Euro is moving into resistance and could be setting up for a corrective wave. The 1.4220 - 1.4240 area looks ripe. Awaiting a secondary lower high to form is the less risky entry if going short. Remember that this will only be a correction then the trend will resume.